Vietnam

VPBank Finance is tapping international loan market liquidity for an up to $200m three year facility, which has two lenders at the helm.

Vingroup is considering the spin-off and listing of its residential business Vinhomes in a deal that could be worth around $1bn, according to a source familiar with the matter.

A group of Vincom Retail employees sold a block of the company’s shares on Monday, raising D4.51tr ($198.1m) after they bumped up the size of the offer, according to a source close to the deal.

Vietnamese state-owned electricity producer Power Generation Corp 3, which sits under Vietnam Electricity Corp (EVN), is preparing to launch an IPO worth at least D6.5tr ($285.4m) in February.

State-owned Vietnam National Oil and Gas Group (PetroVietnam) has raised D5.6tr ($244.3m) from the IPO of subsidiary Binh Son Refining and Petrochemical Company — nearly $100m more than anticipated.

State-owned energy conglomerate Vietnam National Oil and Gas Group (PetroVietnam) is preparing to launch IPOs for three of its subsidiaries this month as part of its privatisation plan, potentially raising a combined D12.31tr ($542.9m).

Vietnamese state-owned VietinBank is back in the loan market with a $100m fundraising, this time with one lender at the helm.

The People’s Bank of China announces new rules to promote cross-border RMB transactions, HSBC plans to launch a new service in Poland to capture business opportunities related to the Belt and Road Initiative, and Agricultural Bank of China obtained approvals for new branches in Southeast Asia.

Binh Son Refining and Petrochemical Co is preparing to launch an IPO of at least D3.5tr ($154.3m) later this month.

Thai Beverage Public Co has enlisted the help of three banks for a 12-month bridge facility to support its acquisition of a stake in Vietnamese brewer Saigon Beer Alcohol Beverage Corp (Sabeco), said sources close to the trade.

International Finance Corp has joined forces with Goldman Sachs to extend a $110m syndicated loan to Vietnam’s An Binh Commercial Joint Stock Bank, a portion of which will be used to provide loans to women-owned enterprises in the country.

Vietnam Technological and Commercial Joint Stock Bank (Techcombank) is understood to be lining up a $150m-$200m borrowing in the international syndicated loan market.